Browse Upcoming NFT Drops, NFT Events & Marketplaces

Defi

Crypto Realms War’s NFT Drop
The first NFT Drop for Crypto Realms War will happen on April 13, 2022. These Tier 1 NFTs will entitle their holders to unique privileges and unlock new experiences. These NFTs are not only playable but they will empower you, our dear Warriors, to be a bigger cog in the Crypto Realms War community. What are the Tier 1 Warrior NFTs? We have now opened the Whitelisting portal for the Tier 1 Warrior NFTs. These “Origin-Level” NFTs will be limited to 2,500 and has the following benefits exclusive only to this drop. 💥Chance to be a beta-tester and 1st dibs on the game 💥Exclusive chat room with founders, investors, and the core team 💥Community-only access to future sales and drops 💥Instant Whitelist to limited-edition drops like legendary weapons 💥Raffle, instant prizes, and zany fun stuff for all NFT holders So, we’re not only releasing characters to be played with, we are expanding your reach, influence, and connection to the Crypto Realms community via the NFTs. By attaching so much utility to the Tier 1 NFTs, we will be empowering our most fervent investors. You will not just be an audience or someone playing a game, you will become trusted companions and co-creators who can help raise the value of Crypto Realms War.
Alpha Puppies Public Launch
Alpha Puppies Hi everybody, Alpha Puppies is a collection of fun puppies barking on the Solana Blockchain. They are all randomly generated with attributes and built in ranking. You should definitely check Alpha Puppies out If you are looking for quality NFT project, You found right place! You can easily make some money by holding our NFTs. We will be listing on Magiceden soon. Don't miss your chance to grab one! Whitelist Pre-Sale Early Access Pass People who own these Early Access Pass (APtokens) will be able to participate in the pre-sale and benefit from the discount. 333 AlphaPuppies NFTs will be launched onto the Solana blockchain. :rocket: PRESALE: 0.075 SOL PUBLIC: 0.1 SOL SUPPLY: 333 PUBLIC LAUNCH: 13 APRIL 2022 Join their Discord: https://discord.gg/rH4yb4YkpA Follow their Twitter: https://twitter.com/alphapuppiesnft
The luxurious life of cryptocurrencies
A private collection of 13 nfts of characters living the luxurious life of cryptocurrencies and some other meme of famous influential characters in the world of cryptocurrency. They will stay in the polygon network. made by jose 70veces7(10% sales will go to charity in a project that will be broadcast on our youtbe channel to testify that the goal is to help the homeless.) we want to create a great community that supports us in our social networks and at the same time allows us to carry out the project to help the homeless, to whom 10% of sales are directed(up to 70 times 7). instagram: nft70veces7 twitter:@ nft70veces7 youtube:Nft70veces7 PROYECT FOR INVESTORS PROFIT The price of the nft will go up its floor each season,in each season the first nft will be the most expensive. In this first season composed of 13 nfts and the seasons will end when they reach 70 nfts. -==(ROADMAP)==- 28/03/22 sale of the first nft of the collection. The first nft is an Elon Musk versus Vladimir Putin meme. Painstakingly created based on the details of Elon Musk's message war with Putin's allies challenging him with their left hand to a man-to-man duel for Ukraine's struggle. the meme is based on the movie karate kid where Daniel Larusso(Elon) fights against Lawrence(Vladimir)from the dreaded cobra kai academy. 07/04/22 The remaining 12 nfts of the first season will be put up for sale,which can be seen on opensea,instagram an twitter little by little do not lose the thread. ??? When the first season or the first 10 are sold, the second season
Macabris
Macabris
Ethereum
Macabris is a DeFi protocol simplifying what life insurance companies are doing all the time. Receive increasing monthly payouts for 50 years, as long as the underlying celebrity is alive. Macabris is a non-fungible token (NFT) on the Ethereum blockchain. Each token is unique and represents a specific celebrity. Owner of each token receives share of the monthly payout from distribution pool as long as the underlying celebrity is alive. Since total monthly payout amount is fixed, every token receives an increasing payout as other token celebrities keep on dying. Macabris is build on Ethereum ERC-721 Non-Fungible Token (NFT) standard. There are 7250 unique tokens, each representing a specific celebrity. The number of tokens is fixed: there will never be more or less. Roughly every month a share of distribution pool will be paid out token holders. The pool is distributed in 600 installments. Every 30 days one installment will be paid out automatically and distributed to alive token holders. Example: let’s say there are 100 ETH in the pool and 100 alive celebrity tokens. Monthly payout is 1/600 * 100 = 0.1667 ETH, distributed per 100 alive tokens. As such, each token automatically receives 0.1667 ETH / 100 = 0.001667 ETH per token. Suppose, a month has passed, and 5 celebrities met their ends. There are total 95 alive tokens. Monthly total payout is the same – 0.1667 ETH, however it is distributed among the living tokens. Each alive token now automatically receives 0.1667 / 95 = 0.00175 ETH. Eventually, as more and more celebrities perish as the times goes by, the last remaining alive token will collect entire pool payout every month.
Chill Chimpanzee
Chill Chimpanzee
Solana
Welcome to Chimptopia! 4,444 Chimpanzees coming soon to the jungle of Solana! A perfect blend of gaming and Defi. Play our endless runner Play-to-Earn game while Staking your chimps and getting rewarded with $CHIMP. The chimps ultimately gained control after years of war. They created a magnificent culture with no hunger, no poverty, and plenty of love, marijuana, and music. Join the chimps in their journey of discovery! We want to create the best community in the universe. We’ll also set up a DAO for GEN1 holders that will have the top alpha calls, as well as giveaways of WLs from other projects. We think that the heart of any good project is the community. To keep the community active, we will have a number of giveaways and activities. We’d like to make this a fun environment for Chimps to meet and talk about the fascinating world of NFTs.
Destate - The Metaverse real estate market
Destate brings the Real Estate market to the Metaverse offering real-world financial opportunities. Our state-of-the-art properties, designed by real architects, offer new investment opportunities in the Metaverse real estate. Buy, sell, lend, rent, renovate and… back your loans with your NFTs! Be part of a community of investors, maximize your chances of higher returns with community investing. Destate is the first interoperable Metaverse! Bring houses and avatars to and from Destate and other Metaverses. Our community is for dreamers, for investors, for architects, for businesses, for students… It’s for everyone, it’s for you! Destate has way more to offer than this space allows to write. Check out more at: https://linktr.ee/DestateNFT
Pablo’s Hippos | Pre-Sale
We are hosting our first public pre-sale! Our NFTs are a vibrant hand drawn collection of artwork representing Pablo Escobar’s escaped hippos which are impacting the ecology of the River Magdalena. Our mission is to raise awareness, facilitate discussion, and help fund solutions to the dilemmas facing Pablo’s hippos. We will do this by creating unique, visually stunning art and a decentralized governance system that gives a voice to our community. In the late 1970s, the notorious leader of the Medellín Cartel, Pablo Escobar, kept a small number of hippos in his private zoo. Upon his death, the hippos escaped into nearby waterways and proliferated.Today, their population has ballooned to approximately 120. Now, the debate rages on about what environmental and ecological impact the hippos are having and how best to protect the hippos, the native citizens and the land. That’s where we come in.
MinerAnts- Mutations of zodiac and Ants
MinerAnt World is a decentralized automated massive ant world where your mutated ants work for you daily for a period of 60 days to earn you passive income reducing the stress of flipping your MinerAnts NFTS. Eggs are hatched into MinerAnts and they immediately start mining MANT Tokens automatically for the owner daily for 60 days. All you need to do is claim your mined rewards with a press of a button. MinerAnts was formed when catastrophe fell upon the home planet of an unknown ant species and combined their DNA with zodiac energy resulting in a unique mutation of colorful and much more hardworking and aggressive ants. There will only be 1000 MinerAnts available for minting. We haven't launched MANT tokens and MinerAnts NFTS yet but we have minted 11 on opensea @0.034eth for private sales before launch at a much cheaper price tag for early holders. Visit our Discord for more details
Social Penguin
Social Penguin
Binance Smart Chain
Social Penguin is a collection of 7,777 high utility NFTs on the Binance Smart Chain. Earn passive income by receiving the HYDRON utility token.
Jacked Rabbit Gym Club
Jacked Rabbit Gym Club is a tight-knit community based around health and fitness! We will be releasing a collection of 2200 “Jacked Rabbits Gym Membership Cards” on the Solana blockchain. There are four rarity tiers: Bronze, Silver, Gold, and Diamond. All cardholders will receive merch drops every 6 months and will all have the ability to stake your cards to earn you $Jacked tokens! Additionally, you will get exclusive access to our privately developed fitness app which will track your workouts and reward you with $Jacked token! The token will have a multitude of different utilities within our app (more on this to come!). Our owner, dev team, and community managers are fully doxed and are striving the be the first and most successful fitness NFT on the market! We plan on creating a long-lasting fun community devoted to fitness, motivation, and health! Come check out the discord and join the community! https://discord.gg/KwfwS9Njg7
Genesis Robots
Genesis Robots
Ethereum
Blockchain adoption is happening but not fast enough! That is why we are building ProcessLenz Blockchain Advisor. A Web3.0 version of our software will help companies identify how to best use blockchain technologies in their businesses📊 We are a Canadian startup with partners such as 🔹 KPMG 🔹 Microsoft for Startups 🔹 District 3 Our clients are companies you love like 🔴 CocaCola 🟠 Hershey's 🟡 LinkedIn 🟢 And many more! We are building the blockchain advisor for them and for the thousands of other companies that want to start using these technologies 📈 We have asked 5000 of the smartest and coolest robots living on the Ethereum network to help us transform our SaaS platform into a Web3.0 app.🤖 It will be a challenging mission, some even think it will not see the day of light but equipped with some cutting edge utility the Robots are on a mission to bring blockchain automation to all companies!💡 If they succeed in their mission the Robots will rid the entire world of repetitive and boring tasks so that the humans can focus on what really matters.🗂 If you join OUR MISSION Today : 🟥 An exciting journey! 🟨 WL Spot 🟩 Exclusive NFT Trading Contest 🟦 World Famous celebrities: to be revealed 🟪 NFT Staking for passive income ⬜️ Amazing metaverse ready avatar 🟫 And a lot more: so what are you waiting for! https://processlenz.com/nft https://discord.gg/2gtXn5kQV4
ANGEL SKULLS CLUB
ANGEL SKULLS CLUB
Ethereum
Angelskulls is an NFT Farmer collectible game Angelskullsnft.com is a collection with a total supply of 10,000 NFTs Our project is carried out in 3 stages (3 DROP). This first sale is the first step that gives access to all the privileges of our club! AngelSkulls NFTs are 3 in 1 NFTs, Treasure Hunter NFTs, and Double Free minters and much more details on our official website. Club members will embark just 48 hours after the final sale on an incredible treasure hunt, the loot of which is revealed at 559 Ethereum!!! (convert to our $crypto) Detailed roadmap, white papers available on our website. Development planned for this new and creative Project: - Future DAO interface for owners - Reward claim interface - Future DEX Listing of our currency UNISWAP - Priceless privileges - New generation of Swap 3.0 - Development of the METAVERSE Game - Team to expand this candidate project to BinanceLabs! Private sale scheduled for 03/17/2022 | Price per NFT: 0.12 ETH - Max 5 NFT wallets per Public sale scheduled for 03/17/2022 | Price per NFT: 0.15 ETH We are also launching an AIRDROP campaign: - 100 NFT will be dropped! - Follow us on twitter Whitelist Member: -Limit to 2000 people! i.e. 1/5 of the club Stay tuned ! To become a member, own 1 AngelskullsNFT!
MIRL NFT DROP
MIRL NFT DROP
Ethereum
MIRL is the first decentralised fashion brand born in the metaverse. We are a next-generation web3 fashion brand empowering individuals and designers from all over the world. The MIRL community will support, empower, curate and create the next generation of fashion brands via the MIRL incubator governed by our DAO. The Genesis collection will consist of 8888 NFTs that will represent the pioneers of this movement, giving them the greatest tier of rewards in the ecosystem down the road. Each of these NFT will also be issued a one-of-kind physical wearable designed and produced in house.
Metatars Society Launch
The metatars society is a collection of 1,500 unique metatars nfts— unique digital collectibles living on the ethereum polygon blockchain. Your society nft grants you access to the society where you can stake, earn sand and play games!! Visit www.Metatarssociety.Com and join our discord for more details!! The society where everyone is equal!!
The Akyllers
The Akyllers
Ethereum
FIRST PLAY TO LEARN TO EARNGAME ON THE METAVERSE. THE WORLD IS NOT READY FOR AKYLLERS. The Akyllers is a collection of 4,444 unique NFTs stored as ERC-1155 on the Ethereum blockchain and hosted on IPFS. With more than 600+ hand-drawn traits, each NFT is unique. Owning an Akyller will give you access to the first play to Learn to Earn game on the Metaverse, you will be able to customize your Akyller and increase it's powers with every fight. Akyllers are warriors like no other with Limitless powers & potential. The more they reach near death experience, the more they become stronger. Hint: Each and every detail in this hand drawn Akyller counts so choose carefully who you want to be. The Akyllers is a project building the first school on the Metaverse with Free World Class practical courses, huge career Boosters & passive income to holders. The Art is collectible designed through a Collab with Larissa Chaoul an artist who exhibited in Dubai, Monaco, New York & many other cities around the world. 1. Launch E-Learning Platform 2. Protect your Akyller with FREE LEGAL 3. Passive Income Starts with THE CLASH 4. Planet AKYLLA: Networking Hub 5. THE GAME: LAUNCH THE GAME 5. THE TOURNAMENT: Yearly Event with 500,000 USD in Prizes 6. Fractionalization of the Tokens to generate Decisional rights 7. Passive Income Starts through tokens generated from the Business 8. Planet Akylla opens doors to Charity 9. The Library: Read to Earn 10. The APOCALYPSE: Holders will be airdropped something HUGE.

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Top Tier Athletes And Their Involvement In NFT World

Top Tier Athletes And Their Involvement In NFT World

Many parents support the idea of their offspring becoming athletes and sports stars. When asking a child about their career aspirations, becoming a sports star would top the list. Though reaching the pinnacle is difficult, it is one of the best careers in the world. The attraction to sports is the players' financial gain and adulation. Anyone who reaches the top of any sport will become financially free. Furthermore, players from the most popular sports are celebrities on par with actors and famous businesspeople.

The vast sums involved in sports are due to the massive interest and demand from the general public. People love sports and are willing to pay enormous money to watch sporting events. Due to the fascination, businesses not involved with sports pay massive advertising fees to become associated with the sport. There are many sports, from golf, martial arts, cycling, and racket sports to track and field events. It is an endless list.

However, some sports have better earning potential than others. Sports such as soccer, football, basketball, golf, and tennis are some lucrative sporting activities. Anyone who reaches the pinnacle in these activities will easily earn millions of dollars. There are few sports stars whose fortunes run into billions. Earnings are not limited to the salary received from the clubs. Top sports stars can accumulate wealth through endorsements, sponsorship deals, and payments from their clubs. The massive earnings are due to the player's skill set combined with their popularity. A famous, well-loved star will command the highest salaries.

Investment Options For Sport Stars

Like all wealthy people, sports stars invest their income; they use their finance to buy more wealth. It makes zero sense for money to sit idle in bank accounts. Investments take all kinds of forms. From starting their own business, investing in other companies to involvement in financial markets are some of the popular forms of investments. Cryptocurrencies and their associated technologies have become mainstream in the last few years. The portfolio of many wealthy people, including sports stars, usually has some investment in this arena.

Investing In NFTs

Non Fungible Tokens (NFTs) are one way to invest in cryptocurrency technologies. This field has attracted many sports stars. Some famous sports stars who hold NFTs include Stephen Curry, Serena Williams, Shaquille O'Neal, and Neymar Jr. These are just a few of the hundreds of sports stars who have become involved with NFTs.

NFTs, with their cartoon art representation, appear fun and appeal to the younger generation. Given that the sports star demographic is of the lower age bracket, it makes perfect sense for these people to invest in NFTs. Owning NFTs can help market sports stars and their brands. Becoming associated with a popular NFT collection will increase the media coverage received. For example, if an athlete buys a blue-chip NFT such as the Board Ape Yacht Club, the news will be seen on all major outlets and social media channels. This is a win-win situation for both the project and the athlete.

The more an athlete is featured in the popular media, the more it enhances their prominence. It allows them to demand more outstanding salaries and endorsements. The involvement of top-tier athletes will help drive up the price of the NFT, a good situation for the NFT project. Additionally, NFTs are an investment opportunity. Though buying NFTs is highly speculative, there is an excellent chance that blue-chip projects will see a price rise. Top-tier NFT projects such as BAYC and Azuki continue to see a price increase.

NFTs can help well-known athletes connect with their fans. The trend is for athletes to buy NFTs from significant projects to date. There will be a more significant number of athletes who will release their own NFT collections. It offers the athlete a way to bond with fans in new and innovative ways.

Holders gain the opportunity to meet the star or receive merchandise. This helps to solidify the relationship; it will lead the fans to become even more interested in the athlete's brand and helps to foster a community of fans in ways never seen before. There is also a financial benefit for the fans. Owning the NFTs of a sports star, the fan can sell these assets. Previously the relationship has been a one-way street; the athlete benefited from fans without much reciprocity.

If the perceived value of the star is on the rise, the price of the NFT will increase. It offers the opportunity for the holder to sell their NFTs for a profit.  NFTs open up all manner of possibilities in the world of sports. Sporting clubs can sell NFTs, which will offer their fans the opportunity to gain merchandise, special ticket allocation, or vote on club governance. NFTs are relatively novel, but there is no doubt that this is a field that opens up opportunities never seen before in the world of sports.

 

Apr 9, 2022
Kate
The Importance Of The Founder In NFT Projects

The Importance Of The Founder In NFT Projects

People who've followed NFTs for some time are aware of these essential considerations when buying NFTs.  Many new members of the NFT community overlook this critical aspect.

Many newbies buy NFTs without much consideration. The usual pattern is for people to hear about NFTs, find the NFT community on Social Media platforms such as Twitter, and become part of the Discord servers of various projects.

A busy server and quality artwork ensure the newbie becomes involved in the community. It leads to the person minting the NFT on launch.

Following the mint, it's common to see the price of the NFT fall in value. After a few months, the founders neglect the project, and the holders find themselves with an NFT with little value.

Since this neglect has been the standard pattern seen throughout 2021, most NFTs on the secondary market are worth less than the price paid on launch.

There have been numerous cash grabs. The founders make six figures from the NFT project, but the investors have a losing asset.

The success stories in the NFT space have received praise. For example, the Bored Ape Yacht Club (BAYC) is admired throughout the NFT community, and any NFT stories in the mainstream media feature the BAYC regularly.

For every successful project, there are far more failures.


Mistakes Made By More Experienced NFT Buyers.

After spending time in the NFT community, people become aware of the requirements of a good project. They commonly look for the following characteristics:

Doxxed Team. The team mustn't be anonymous. Anonymous groups are more prone to carry out rug pulls (where the founders close the project after launch). Investors have no idea of the identity of the founders. As a result, the groups can quickly abandon the project and scam the investors.

Great Community. There must be a sizable community behind the NFT project. People look at Social Media and Discord profiles to gauge the size of the community. Without a community, there is no one to buy the NFTs.

Good Artwork. Essential to ensure the artwork is high quality and in line with the current trends. For example, there is a great deal of admiration for the artwork by Doodles and Invisible Friends NFT projects.

Utilities. Projects need more than artwork to become a success. The only exception is if the NFTs are from an established artist such as Beeple, Banksy, or another artist with a big following in the traditional art world.

Projects without a well-established artist need to provide utilities in the form of Play To Earn games, events, staking possibilities, and more.

People seeking these factors in projects are better positioned than newbies. But many projects satisfying these conditions still fail to succeed, especially in this current climate where the NFT space is experiencing a bear market.


The Importance Of The Founder

The most critical factor in a project is the founder. Many investors entertain projects because the founder is well known. They could be a celebrity or an industry leader.

Unfortunately, many of these projects flounder in the long term. Shortly after mint, there is a pump in price. But a few months after the launch, the value has become less than the mint price.

The founders are not highly active in the project; they make no effort to immerse themselves in the community.

It leads people to conclude (probably correctly) the founders are not interested in the project. The community loses faith, sells their NFTs, and projects end up in the backwaters of the secondary market.

A successful project is one where the founder engages with the community. They should be active before and after the launch. Making themselves involved in the conversations on Discord and Ask Me Anything (AMA) or Twitter Space shows a genuine interest in the project.

An example of a successful project is VeeFriends by Gary Vee. The founder is always available. He is constantly talking about his projects on Social Media and does not go missing in action.

 

Wrapping Up

The most important consideration for any NFT collection is the founder, motives, and project vision.

Unfortunately, the NFT world has seen many cash grabs. The devs and the founders fail to take much interest following the launch.

The reality is that unless the NFT collection is by a genuine, highly established artist, the project starts after the launch.

The easy part is the stage up to the launch; it's the segment where the founders are raising capital to realize a vision. Making their promises become a reality involves hard work.

To date, in the NFT space, many founders are fond of the idea of raising capital. But dislike the effort to complete the project and make the utilities and the roadmap a reality.

Many experienced investors in the NFT community understand the situation and no longer mint NFTs easily. This is a contrasting situation to 2021, where people readily bought NFTs.

Perhaps this explains the current bear trend in the NFT world; sales volumes are significantly lower than the record-breaking numbers a few months ago.

For the investor, the best approach is to take a great deal of interest in the founder. Presenting evidence of interest by the founder ensures confidence in the community.

The involvement of a famous name does not guarantee long-term success.

 

Mar 31, 2022
Bill
Common NFT Scams: Identified

Common NFT Scams: Identified

Scams exist in many areas of life, defined as fraudulently obtaining money or goods from unsuspecting victims. 

The Internet is hugely beneficial for society and helps improve many people's lives. But it has led to criminals using it to defraud people—from phishing and fake shopping websites to dating scams. 

Cryptocurrencies use the Internet and are not exempt from scams. The anonymous nature of cryptocurrencies has made things easier for fraudsters. 

NFTs are an extension of cryptocurrencies and are an arena with frauds targeting newbies and the uninformed. Since this is a relatively new technology, most people have likely been victims of one form of scam or another.

What are some of the common NFT scams?

Rug Pulls

After a project launch, the founders exit the project with investors' funds. The founders close the assets associated with the project, such as the Discord server and Twitter account, and leave the scene. With the founders no longer involved and little trace of the project, the price of the NFTs decreases until it becomes worthless. The investors possess nothing more than NFT JPG images on the blockchain. 

The NFT space has been rife with these scams throughout 2021. As people become aware, these deceptions are becoming less common.

Anonymous founders carry out rug pulls; people have no idea of the real identity. Given the anonymity and lack of traceability with crypto wallets, it's a straightforward scam to perpetuate.

Cash Grabs 

This is rife in the NFT space. The founders of the project promise various developments for the project. 

After the launch, they fail to implement these promises. Over time, the value of the NFTs decreases, and the investors are left holding the bag. 

Nearly every NFT investor has been a victim of such activities. Such schemes are also known as a slow rug; the founders leave the project slowly. 

These schemes are difficult to classify as a fraud; the founders are in a position to kick their promises into the long grass. And many often come up with all manner of excuses why developments fail to progress. 

Pump And Dump 

This is where an individual or a group of people team up to buy large quantities of the cheapest NFTs in the collection (buying the floor price). 

They drive up the collection price, also known as "sweeping the floor" or "wash trading." After a significant price increase, the NFTs are sold for a profit, and the culprits exit the market. The value of the NFTs decreases, people are left with NFTs worth less than the price paid. 

The project founders are known to engage in such practices to drive up the price of their collection.

Project Impersonation

Fraudsters try to mimic real projects by creating websites and social media profiles with a similar appearance to the actual project. 

They aim to lure unsuspecting victims to a website and mint fake NFTs. The victim connects their wallet to mint an NFT, which turns out to be an empty file. 

Victims are targeted through direct messages or posting links in the comment section of Social Media platforms.

The problem has become rampant: fraudsters routinely hijack the real Discord server of a project, disabling the power of admins and moderators and placing links to direct members to a fake minting website. 

Customer Support Scams

This is a problem commonly seen on Discord and Telegram. Scammers contact through direct messages offering to help people mint NFTs or provide bonus airdrops.

As a customer service representative, the scammer tries to obtain wallet details such as passwords and the seed phrase. Using the information, fraudsters drain the funds from the wallet.

The problem is that NFT projects warn members not to engage in direct message conversations. Official members of staff have ceased contact with members directly through direct messages. 

Experienced people will not fall victim to such scams; newbies are the intended targets. 

Intellectual Property Theft And Fake Collections

There are projects known to take the artwork from talented artists and use it for their collection. Without agreements in place, this is a form of theft.

Projects using artwork from an artist without permission are a theme in the NFT community. 

On discovery, the reputation falls, and the value of the NFTs decline in price; it becomes a loss-making investment.

Some individuals take artwork from upcoming projects, load it to marketplaces such as Open Sea and aim to impersonate the actual project.

Buyers of these NFTs become victims of a scam.

Conclusion

Scams are common because the NFT market is new, with many new people entering the space. It allows fraudsters to exploit inexperience and vulnerabilities.

The best approach for a newbie is spending time in the NFT community, networking with others on platforms such as Discord, and becoming fully aware of the technology before major investment sprees.

Mar 24, 2022
Kate
Yuga Labs & Bored Ape Yacht Club (BAYC) Launch ApeCoin Tokens

Yuga Labs & Bored Ape Yacht Club (BAYC) Launch ApeCoin Tokens

Bored Ape Yacht Club (BAYC) is the most iconic NFT collection; it's set the standard for others to follow. The nearest rival CryptoPunks, based on nothing more than artwork, was taken over by BAYC's creators, Yuga Labs, in March 2022. This acquisition has created the biggest juggernaut in the NFT world; no other project comes close in size.

BAYC 's success depends on its ability to evolve, pivot, and provide value to its holders. While many projects offer artwork and no more, BAYC has significantly contributed to the NFT world. They airdropped NFTs from other projects (such as Bored Ape Mutant Club and Bored Ape Kennel Club) to BAYC NFT owners, provided in-person events, and developed online games for its members. Yuga Labs allows the holders to use the NFT they own to create and sell merchandise.

 What is ApeCoin?

As part of this ability to grow, in March, Yuga Labs collaborated with the collective named ApeCoin DAO to drop ApeCoin ($APE) token.

ApeCoin acts as a digital currency in the same way as many other cryptocurrencies. People will be able to spend ApeCoins on upcoming products and services BAYC will offer, including the Play To Earn game launching in 2022. The hope is that ApeCoin may evolve beyond the BAYC ecosystem in the future.

There is a difference between Apecoin and cryptocurrencies such as Bitcoin, Ethereum, and Solana. Bitcoin, Ethereum, and Solana are native coins derived from their perspective blockchain. Apecoin does not have its blockchain and resides on the Ethereum mainnet; it's considered a token rather than a coin.

ApeCoins are not too dissimilar to Axie Infinity Shards (AXS), the native governance token of the Axie Infinity network. Axie Infinity players can buy, sell and trade using Axie Infinity Shards.


Distribution

A total of 1 billion ApeCoins were available; the allocation was as follows:

15% to the holders of Bored Ape Yacht Club and Bored Ape Mutant Club holders,

15% to Yuga Labs,

14% to the partners that helped launch the tokens,

8% to Yuga Labs founders,

1% to charitable events,

47% to ApeCoin DAO

ApeCoin DAO

ApeCoin DAO is part of the Ape Foundation, the governance behind the token. They have the power to manage the everyday running, project management, and bookkeeping of the token system. Holders of the ApeCoins and the DAO can dictate the ecosystem's future, thus making ApeCoin a decentralized system.

 ApeCoin DAO consists of leaders from the Social Media, gaming, and crypto space. These people include Alexis Ohanian (from Reddit), Amy Wu (from FTX), Dean Steinbeck (from Horizen Labs), Maaria Bajwa (from Sound Ventures), and Yat Siu (from Animoca Brands).

The BAYC project and Yuga Labs are separate entities from the ApeCoin DAO. If BAYC and Yuga Labs were closely connected, the project would come under the scrutiny of The Securities and Exchange Council of the United States. The Securities and Exchange Council is the government organization responsible for regulating Securities and protecting investors. To date, the organization has not focussed on NFT projects.

Launch 

On launch, the price of ApeCoins started at almost $40 per token. During the day, the token fell to around $6 as people who received free tokens sold their share. A few days into the launch, the price of the ApeCoin sits at around $11. The vast market cap size has meant that ApeCoin is in the top 50 of all cryptocurrencies.

The token was available on all major exchanges such as Coinbase, Binance, KuCoin, and FTX. It's unusual for new tokens to be widely known, but the popularity of the BAYC meant exchanges readily accepted ApeCoin onto their platform.

Original holders of BAYC NFTs were given 10,094 tokens for each NFT they held. This translates to nearly $400k at the price height and $60k near the bottom.

ApeCoins show that the Bored Ape Yacht Club project continually provides the holders with utilities. These utilities translate into social and financial gain. Unfortunately, the NFT space is riddled with scams and rug pulls. But Yuga Labs have set the blueprint for what makes a fantastic NFT project, an aspiration for other projects to follow.

No one can predict the price movement of digital currencies; there are no guarantees of price increases. The ecosystem created by Yuga Labs is continually expanding rapidly; it's probably a good bet to suggest ApeCoins are potentially a significant investment.

As always, do your own research before investing.

 

 

 

 

Mar 23, 2022
Dave